Garner, who is from Derby, is accused of violating ERI rules by investing more than 5 per cent of the assets from each scheme in his company, Norton Motorcycle Holdings Ltd.
Garner is charged with three separate alleged ERI offences under Section 40(5) of the Pensions Act 1995, one for each scheme.
The alleged offences relate to three defined contribution schemes: Dominator 2012, Commando 2012, and Donington MC, each of which had 227 scheme members.
The investments were made in exchange for preference shares between 2012 and 2013.
Subject to certain exceptions, it is a criminal offence to invest more than 5 per cent of the current market value of scheme resources in ERIs, as stated in Regulation 12(2) of the Occupational Pension Schemes (Investment) Regulations 2005.
Garner will appear in Derby Magistrates’ Court on Monday 7 February.